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Junior Reviewer
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I work as a Financial Advisor in the San Francisco Bay Area.

If you bought a product through World Financial Group, itโ€™s urgent you seek a fiduciary to verify that:

- you paid and continue to pay a fair price,

- you bought a competitive product,

- you can reasonably expect your product to perform as illustrated and,

- your product does not expose your capital to unreasonable risk.

Iโ€™m willing, at NO COST, to give you BASIC first-line advice on your product. You remain completely anonymous because you remove all your personal identifying information from your contract before you post it here.

In exchange, you let the public see your product and to benefit from my analysis of it.

I especially encourage those people who bought annuities, especially variable annuities, and UL (Universal Life) policies such as Transamericaโ€™s FFIUL, to upload their documents here for analysis.

Bear in mind I do NOT give you a comprehensive evaluation. I flag potential trouble areas in your product contract text and mathematical models. You'll still need to take your WFG product a reputable Fee-ONLY (not Fee-BASED) financial advisor to get a complete analysis and a clear action plan. However, Iโ€™ll give you a good start on this process. Because I do some of the key work for you, youโ€™ll likely save money on the hourly fees you pay your Financial Advisor.

I will need to receive EVERY page of your document that contains contract language and text and numerical policy data. E.g. for Universal Life insurance policies, I will need the Illustration documents which includes your projected annual Rate of Return on your invested cash value, the main contract body including the Cost of Insurance (COI) charts, and the Riders.

Please scan each page of your document and save it as a JPG file in 100dpi format. If your document is faint or blurry, please save it as a JPG file in 200dpi or 300dpi format. Please choose the lowest resolution format you need to allow us to clearly read your document.

You can upload your product here as a review and/or in the comments section of the post at:

www dot finance-guy dot net/streetonomic/world-financial-group-review

If you bought a Universal Life (UL) policy such as Transamericaโ€™s FFIUL, I also encourage you to contact one or more of these law firms and attorneys who are exploring or launched class-action suits against carriers and broker-dealers of UL policies:

Lieff, Crabraser, Heimann & Bernstein: (800) 541-****

Zamansky LLC: (212) 742-****

Gerald Sinclair Flanagan: (310) 392-****

Travis Murray Corby: (310) 246-****

William Martin Shernoff: (909) 621-****

Thank you for your interest and participation.

Reason of review: Concerns about WFG products.

World Financial Group Cons: Concerns about wfg products.

Location: San Jose, California

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Guest

Wow, attempting to steal our clients! That's pathetic.

We are all licensed agents at WFG-- which means we all have fiduciary responsibility.

We submit these policies and they are reviewed by the insurance underwriting and legal departments.

We may be commission based but have you discussed how YOU get paid?

I'm going to take a sure bet that if you MOVE our client's product into a product of your own, you get a cut.

So stop trying to make us look like we don't know what we're doing when we do.

Azel Gth
reply icon Replying to comment of Guest-1188147

WFG agent from Phoenix, your fiduciaries are -you- and WFG, not your client. Nowhere in your Associate Membership Agreement does it say you must serve as your client's fiduciary.

That's why the person who plans to purchase your products is very strongly advised to first seek out his own fiduciary to review his candidate products in full.

I work as a fee-only financial advisor. I donโ€™t sell insurance policies or other financial products. I know people who've been badly burned buying products through WFG.

Specifically the Financial Foundation Indexed Universal Life (FFIUL) policy from Transamerica. The FFIUL policies Iโ€™ve seen are so expensive and extraordinarily risky, this prompted me to offer my limited pro bono service to help customers protect themselves from abuse by unscrupulous salespeople. Both I and the person I help remain unknown to each other. But many people will benefit from my analysis of these financial products.

WFG agent from Phoenix, even -you- can submit your instruments for my evaluation if you wish. Did you buy the FFIUL and/or a Variable Annuity?

Itโ€™s quite possible you wonโ€™t like what I find in them. But itโ€™s better you learn it now than later.

Guest
reply icon Replying to comment of Guest-1188147

I agree with EndMLMAbuse's comment and that he speaks the truth. I was part of WFG like you and nowhere in WFG's agreement does it state that the agent must act as a fiduciary or even notify you that you must.

People have the right to not trust you because even your own company doesn't state that you must clearly act in the client's best interest. Plus are you denying people's rights to seek out other financial advice from others? Is it wrong to seek a second opinion? Should people just trust whatever comes out your mouth without question?

They have the right to seek second opinions, free or paid (especially fee-only).

The fact you're claiming EndMLMAbuse is "stealing clients" when they are merely giving FREE basic advice (in terms what they are asking on this site) in exchange for anonymous source material to show proof products such as FFIULs can be bad is a red flag on your part. If it is such a good product, the numbers would prove it with just a mere calculator. Do not your illustration model since it doesn't account for rising fees such as COI in late life.

There's no reason to fight against them if this product is what it claims or you should be able to prove it yourself with said method above. If you can objectively calculate those numbers for what they are (not manipulating them to make them give different results), then those numbers cannot lie. Additionally, in no way does it seem like EndMLMAbuse is trying to profit off this or doing this in ill will. When you say, "We may be commission based but have you discussed how YOU get paid?

I'm going to take a sure bet that if you MOVE our client's product into a product of your own, you get a cut," it's irrelevant to what they are asking on this site. Again EndMLMAbuse is willing to give FREE basic advice in exchange for anonymous source material, not for money on their end. Don't make irrelevant questions/statements like that cause it doesn't apply here. If they say something like "For a small fee, I will assess your FFIUL plan," then maybe you can make the claim that they're stealing clients/business, but again it is not the case here on this site.

Like I said, people deserve the right to seek a second opinion anyway on their personal financial matters and they are strongly advised to.

Finally, you say you know what you're doing but you have yet to show that. All you state are just claims and no detail and no facts with resources. Can't you go into detail as to why WFG is that great and/or the product? Be the one WFGer that actually proves something than being a sheep and spewing out whatever WFG and your upline wants you to believe.

When reviews on this site have more basis and substance than your own statement, then you have a problem. If you question the claims I make, please read the reviews on this site as well as dissenters such as on *www dot finance-guy dot net/streetonomic/world-financial-group-review.* And when you state sentences like "Wow, attempting to steal our clients! That's pathetic...So stop trying to make us look like we don't know what we're doing when we do", you make yourself look like an unprofessional child in all honesty. By the way when I quote that sentence above, I mean every word in between too makes you look unprofessional (it's to keep it neater and to the point).

I'm telling to you straight that you make WFG look even worse with that type of statement and tone. I'm trying to not be intentionally condescending (and I admittedly am probably failing at it) or inflammatory, but I would expect much more proper professionalism from a representative of WFG.

How can I respect you as a financial professional and just as a person when this is how you portray yourself? Your behavior is one of the reasons why former WFGers and clients dislike WFG so much.

Guest

That is fantastic...thanks for your service and hope people take advantage of it!!

You cannot trust WFG agents paid on COMMISSION to not be bias and selling you the wrong product..thanks again for doing this service!!

Azel Gth
reply icon Replying to comment of Guest-1187704

Good morning John, youโ€™re very welcome. Itโ€™s good for everyone to see exactly what weโ€™re talking about. Daylight is the best disinfectant.

Prudencio Zlt
reply icon Replying to comment of Guest-1187704

Mornin John! Listening to Hillaryโ€™s VP pick speaking on the radio right now.

Anyway, turns out our Corona friend over at Finance Guy wasn't hard at all to ID.

Makes me wonder why he worked so hard to stay anon? Well when you get a moment, wander over there and check out my today's latest to him (and you too) --William

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